Volume 18, Issue 3

Optimal Inflation Rates in a Non-linear New Keynesian Model: The Case of Japan and the United States

Tomohide Mineyama, Wataru Hirata and Kenji Nishizaki

Why So Low for So Long? A Long-Term View of Real Interest Rates

Claudio Borio, Piti Disyatat, Mikael Juselius and Phurichai Rungcharoenkitkul

De jure Benchmark Bonds

Eli Remolona and James Yetman

Credit Shocks and Allocative Efficiency during a Financial Crisis

Andrea Linarello, Andrea Petrella and Enrico Sette

Monetary Policy and Regional House-Price Appreciation

Daniel Cooper, María José Luengo-Prado and Giovanni P. Olivei

The Reliability of Equilibrium Exchange Rate Models: A Forecasting Perspective

Michele Ca' Zorzi, Adam Cap, Andrej Mijakovic and Michal Rubaszek

Confidence Cycles and Liquidity Hoarding

Volha Audzei

The Real Effects of Credit Line Drawdowns

Jose M. Berrospide and Ralf R. Meisenzahl